debts
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Cooperatives & Communities
Kenya: Coffee cooperatives urged to list their debts
NAIROBI, April 2, 2024, Kenya’s Ministry of Cooperatives and Micro Small and Medium Enterprises Development has asked coffee cooperative societies in the country to list and verify their debts to help the…
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Cooperatives & Communities
Christian coops transform lives in Bangladesh
DHAKA – Aporna Das was a medical nurse for 19 years before she launched a hospital herself at Chankarpool, in the southern Dhaka, Bangladesh. The 55-year-old woman built her 30-bed Royal Care…
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Cooperatives & Communities
Former manager threatens to sue BKCU over salary arrears
MBARARA – Julius Tugume, the former general manager of Banyankole Kweterana Cooperative [BKCU] Limited has threatened to drag the struggling union to courts of law for allegedly defaulting on his salary worth…
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Education
Teachers advised to shun multiple loans
MBALE – Teachers in Mbale district and Uganda at large have been urged to invest part of their earnings in productive activities other than continuously acquiring multiple loans from various financial institutions.…
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Finance & Banking
Silicon Valley Bank and the double-edged sword of digital efficiency
LONDON – The collapse of Silicon Valley Bank perfectly exemplifies the dangers of digital finance. During the bank run in March – enabled by the increased speed and efficiency of digital finance…
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News
Gulu City neglects LCs, spends their Shs 480mln on court cases
GULU– Gulu City authorities have diverted Shs 480 million meant to pay LCI and LCII chairpersons and instead used the money to pay debts arising out of court cases. The city currently…
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News
Depositors rush to withdraw their money as Afriland First Bank closes
KAMPALA– Depositors of Afriland First Bank Uganda Limited are running to its head office to salvage their money as well but also open new accounts with other commercial banks after the former…
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Cooperatives & Communities
Emyooga fund defaulters to face arrest
FORT PORTAL: The State Minister for Finance Planning and Economic Development in charge of microfinance, Haruna Kasoro Kyeyune has given Emyooga fund defaulters one month to clear their debts or face arrest.…
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